What are the key considerations when developing a product? At what stage do u look for feedback and how?

You can and should start soliciting feedback even before you commit to building a product. The first goal is finding a problem(s) worth solving, then determining the fastest/smallest way to solve it.

The best way to do both is through face-to-face customer interviews aka customer discovery. A lot has been written about this process by Steve Blank and I took a stab at outlining what worked for me on my blog and my book: Running Lean.

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What are the key considerations in determining how much to raise in a seed round?

Answered by Mark MacLeod – Partner, Real Ventures

It's all about milestones. What are the next big value-creating milestones and how long (and how much $) will it take to get there? Those milestones usually revolve around... (more)

What are the key things I need a lawyer for when I first start my business?

Answered by David Ullmann – Partner at Minden Gross LLP.

The key thing is to have an agreement that understands who owns what, and who does what. These threshold questions should be answered by a lawyer in your initial meeting an... (more)

I'm also living in TO - I have a great virtual idea like "everyone else" that has global appeal as a social network in the tourism and other industries. what is the best wa...

Answered by Michael Garrity – Founder, CommunityLend

Here's the best advice I can give you on getting started. You are the executive team so get started now. At your stage of development trying to find a bunch of proven exe... (more)

I am a hard worker and passionate about web development. I believe the best way to build a great product is to be it's own user. Unfortunately, I have yet to find an idea f...

Answered by Benjamin Yoskovitz – Partner, Year One Labs

You don't necessarily have to scratch your own itch with a product for it to be successful. In fact, there's something to be said for going into a market that's less tech s... (more)

What are the key factors for small businesses looking to build a relationship with their customers online?

Answered by Jen Evans – Founder, Sequentia Environics Posted in Sales

For small businesses, it's knowing their customers: what online tools and channels they use, where they go, what they visit, and what they are looking for. The more you can... (more)

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